Singapore and Australia announce plans for a green and digital shipping corridor
The collaboration involves engaging port operators, relevant jurisdictions, and stakeholders from the maritime and energy sectors to reduce carbon emissions and implement digital innovations.
Singapore and Australia are in discussions to establish a Singapore-Australia Green and Digital Shipping Corridor by the end of 2025. The two markets are working together with relevant parties to make the shipping industry more environmentally friendly and technologically advanced.
They aim to involve port operators, relevant jurisdictions, and stakeholders in the maritime and energy sectors to reduce carbon emissions and implement digital solutions. The plan includes developing low and zero-carbon fuel supply chains, promoting eco-friendly port services and shipping operations, and facilitating the adoption of green marine fuel sources.
The collaboration also focuses on identifying digital shipping solutions to improve port efficiency, streamline goods flow, and enable paperless processes between the ports of Australia and Singapore, ensuring compatibility across relevant systems.
These endeavors align with the Green Shipping Cooperation initiative stated in the Singapore-Australia Green Economy Agreement, signed in October 2022.
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